GBP/CAD ShortPositive Confluence Factors... (12)
1. LTF and HTF direction in alignment?
2. At edge of HTF structure (in green zone)?
3. HTF candlestick confirmation?
4. Trade setup visible on multiple time frames? ✅
5. Break out of structure and a break back in present? ✅
6. Near miss present (below price if looking to get short, or above price if looking to get long)?
7. Reliable looking sequence of flags present (if looking for further continuation)? ✅
8. Correction/s I'm looking to get long or short within and/or on the break of proportionate to preceding impulse? ✅
9. M style pattern present?
10. Structural approach to area of value? ✅
11. Fairly flat structure present? ✅
12. Expanding pattern present? ✅
13. Equal spacing present? ✅
14. Clearly identifiable middle section present? ✅
15. Head and shoulders pattern present? ✅
16. Decent R:R available? ✅
17. No hook point sat just beyond stop loss?
18. Protection available for your stop loss? ✅
Negative Confluence Factors... (2)
1. Counter to HTF trend? ❌
2. Not at edge of HTF structure (in red zone)?
3. Trade setup only visible on one time frame?
4. Price only wicked to area of value on multiple time frames?
5. Near miss present (above price if looking to get short, or below price if looking to get long)?
6. Unreliable looking sequence of flags present (if looking for further continuation)?
7. Correction/s I'm looking to get long or short within and/or on the break of disproportionate to preceding impulse?
8. Squeeze present (structure not parallel or expanding)?
9. Fairly steep structure present?
10. Very unequal spacing present?
11. No clearly identifiable middle section present?
12. Excessively voluminous middle section present?
13. Limited R:R available?
14. Hook point sat just beyond stop loss? ❌
15. Entry around swap hours?
16. Entry directly before major news announcement?
